Morgan Stanley analyst Brian Nowak recently released a bullish investor note for Amazon (NASDAQ: AMZN) and raised the price target on the company's stock to $350 -- more than 33% upside from its current price. Amazon has significantly trailed the S&P 500 over the past six months as investors have questioned the broader artificial intelligence (AI) trade amid skyrocketing spending from tech companies. Amazon, for its part, says it will spend $220 billion this year on capital expenditures (capex), mostly for AI. How could all that spending be worth it for Amazon, and why might now be a good time to buy Amazon stock? It's because the tech giant has significant long-term opportunities in AI chips and cloud computing.
CryptoAlerta — análise de criptomoedas e mercado em tempo real